Dolla and ICWI unveil loan-insurance package for taxi operators

KINGSTON, Jamaica — In a strategic move to support Jamaica’s transportation sector, Dolla Financial Services Limited and the Insurance Company of the West Indies (ICWI) have unveiled a groundbreaking loan and insurance package tailored specifically for taxi operators and public passenger vehicle (PPV) owners. This innovative offering combines Dolla’s One N’ Ready auto loan product with ICWI’s motor insurance, providing a comprehensive solution to address the financial and safety needs of transport operators. The package includes financing options of up to 95% for new vehicles and 70% for pre-owned vehicles, with repayment terms extending up to 36 months. Additionally, fixed and affordable weekly insurance payments ensure manageable costs for operators. The partnership also introduces several value-added benefits, such as free GPS tracking from Amber Connect, a guaranteed 12-hour loan approval process, and direct access to ICWI’s claims and customer support services. With thousands of Jamaicans relying on taxis and PPVs daily, the initiative seeks to enhance the financial stability and safety of operators, many of whom struggle to secure affordable financing and comprehensive insurance. Kenroy Kerr, CEO of Dolla Financial Services, emphasized that the initiative goes beyond mere financial support, offering “protection, peace of mind, and a safer future on the road” for transport operators. Paul Lalor, President of ICWI, highlighted the dual benefits of simplifying compliance and reducing financial burdens while improving road safety. This collaboration aims to create a safer, more convenient experience for Jamaica’s taxi operators while bolstering the reliability of the nation’s public transport system.